Morgan Stanley Reaffirms “Equal Weight” Rating for HCP (HCP)
HCP (NYSE:HCP)‘s stock had its “equal weight” rating reissued by stock analysts at Morgan Stanley in a research note issued to investors on Thursday. They currently have a $29.00 target price on the real estate investment trust’s stock. Morgan Stanley’s price target would indicate a potential upside of 7.62% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Mizuho raised HCP from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus raised HCP from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, December 5th. Zacks Investment Research raised HCP from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. KeyCorp reissued a “hold” rating on shares of HCP in a research report on Sunday, September 17th. Finally, BMO Capital Markets reissued a “hold” rating and set a $32.00 target price on shares of HCP in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.91.
Shares of HCP (NYSE HCP) traded down $0.02 during trading hours on Thursday, hitting $26.95. The stock had a trading volume of 298,251 shares, compared to its average volume of 3,691,015. The firm has a market capitalization of $12,650.00, a P/E ratio of 13.18, a P/E/G ratio of 2.89 and a beta of 0.33. HCP has a 12 month low of $25.08 and a 12 month high of $33.67. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCP. Sun Life Financial INC boosted its holdings in HCP by 42,675.0% during the second quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 3,414 shares in the last quarter. Advisory Services Network LLC raised its position in HCP by 4.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 150 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in HCP in the 3rd quarter worth approximately $147,000. Penserra Capital Management LLC bought a new position in HCP in the 3rd quarter worth approximately $163,000. Finally, ClariVest Asset Management LLC bought a new position in HCP in the 2nd quarter worth approximately $172,000. 90.19% of the stock is currently owned by institutional investors.
HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.
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